Robinhood Chain TVL Surges 11,678% to $589M, DAUs and DEX Volume Overtake Base

Robinhood Chain TVL hits $589M, up from <$5M in June. DAUs and spot DEX volume surpass Base, though meme coins drive activity, not tokenized stocks.

Woofun AI data shows that Robinhood Chain recorded 323,969 daily active users on July 21, exceeding Base's 274,520 for the second time since mainnet launch. Total Value Locked reached $588.9 million, a 14% daily increase, with Morpho holding 44% and Ethena 26%. On-chain stablecoin supply rose 30% weekly to $438.8 million, while spot DEX volume hit $624 million, surpassing Base's $603 million. Meme coin trading drove this activity, as tokenized stock market value remained at $19.3 million. Base retains significant leads in DeFi TVL ($4.64B), stablecoin supply ($4.84B), and perpetuals volume ($255.5M). Robinhood Markets stock closed at $107.55 on July 21.